Companies Winding Up Rules Malaysia Pdf

10 companies winding up rules 10 1 the winding up rules 1972 was made under the old ca65 and the courts of judicature act 1964.

Companies winding up rules malaysia pdf. 10 2 by virtue of s616 of the ca16 it refers to the rules committee constituted under the courts of judicature act 1964. The process flow for winding up both vwu and compulsory in the companies act 1965 ca 1965 is retained in the companies act 2016 ca 2016 section 619 6 of the ca 2016 states that a company which is in the course of winding up immediately before the commencement of the act shall continue to be wound up under the relevant provisions in the companies act 1965. A 289 1972 companies winding up rules 1972 p u. Winding up of schemes etc.

The effect of the winding up order is that the business of the company is terminated and all the affairs of the winding up company shall be governed by a liquidator. 10 3 and since the 1972 rules was made by the same committee unless it is repealed. A 289 1972 in exercise of the powers conferred by section 372 of the companies act 1965 act 125 and section 16 of the courts of judicature act 1964 act 91 the rules committee hereby. Guidance note instructions for advisory services 8.

If the official receiver malaysia is appointed as interim liquidator or liquidator complete. Although malaysia has transitioned from the companies act 1965 to the companies act 2016 there are two winding up regimes that need to exist side by side. Please visit the official portal of the malaysian department of insolvency for more information on. For winding up that commenced under the old companies act 1965 the old procedure and the old forms would still apply.

Unannotated statutes of malaysia subsidiary legislations companies winding up rules 1972 p u. This guidance note has been approved by the council of the macpa for issue by the insolvency practice committee to members for guidance in connection with members voluntary winding up of companies registered in malaysia under the provisions of the companies act 1965. There are 2 types of winding up. Members voluntary winding up foreword 1.

Court means the courts in malaysia or a judge thereof. Rule or rules means the companies winding up ru rule or rules les 1972. Companies act means the companies act 1965 as amended including the companies winding up rules 1972. Companies 1 laws of malaysia reprint act 125 companies act 1965 incorporating all amendments up to 1 january 2006 published by the commissioner of law revision malaysia under the authority of the revision of laws act 1968 in collaboration with.

Section means the section or sections of the act section page 6 ssm ssm means companies commission of malaysia and includes the registrar of companies designated under section 7 1 of the act.